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Why is GBPUSD called cable? 76 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting KareemAliFx
Maybe a squeeze up to take some shorts out so going to layer more shorts {image}
ah who am I kidding add more
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Master your mind. Master Trading.
Quoting Pat Chiko
{quote} BTC H4 On H4 the five-wave sequence of Wave C appears to be complete. If that's the case and we get a break of structure to the upside, it will confirm for me that Wave 2 has ended and signal the start of the next uptrend. {image} At that point, will be looking for opportunities to add more long position. However, we need to see a strong, clear break of structure (MSS) to the upside before considering long positions, as there’s always a chance that the market continues to form lower highs and lower lows, as it has been doing. If the market...
BTC

Daily
On Daily, EW four has already completed, and the initial move up appears to be wave one of wave five.
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This current movement seems like a larger ABC correction, forming wave two of wave five.
Expect it to push higher, eventually forming wave three, wave four, and wave five of the overall wave five.


H4
On the H4, I’ve used a Fib extension to measure wave A, projected from the top of what seems to be wave B.
If this is truly an expanding flat, the target typically lies between the 161% and 178% Fib extension of wave A, projected from wave B, which is exactly where price turned.
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It also appears to be attempting a break of structure, indicating a strong chance that this correction is over. If so, I’d expect a pullback, and at the end of that pullback, I’d look to go long, potentially signaling the start of wave three of wave five.



H1
On H1, the 161% to 178% Fibonacci extension is the target for wave C of an expanding flat, and that's exactly where the price reversed and broke structure. Expecting a three-wave pullback down to a retracement level, followed by a strong bullish engulfing move to the upside.
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If this is indeed the end of wave two, and we’re now entering wave three on the higher time frames, we should see a very powerful move upwards.
Wave threes are typically the strongest waves in a trend, so if this truly is wave three, it should be very obvious due to the strength and the break of multiple structures along the way.
I come from the future.
Checking pa , to see where may to start again! Strong Bull set up at very intact so far ! Let's see next day can keep secure !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting pipfarm
{quote} Had to take two entries on GU but looks ok now, EU looks fine too 4k profit so far, far more than a days wages but greed will get me for sure!!! {image} {image}
Ok that was not fun, as i said greed got me and ended up with 3k from 6k , still better than nothing
Follow The Markets Structure - Patience and Discipline
GBPUSD - Sell

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Together we can be strongest
BTC 57660 short after double top, SL +300 above high, TP 50000
People don't plan to lose. They lose because they don't plan.
Quoting Pat Chiko
{quote} BTC Daily On Daily, EW four has already completed, and the initial move up appears to be wave one of wave five.{image} This current movement seems like a larger ABC correction, forming wave two of wave five. Expect it to push higher, eventually forming wave three, wave four, and wave five of the overall wave five. H4 On the H4, I’ve used a Fib extension to measure wave A, projected from the top of what seems to be wave B. If this is truly an expanding flat, the target typically lies between the 161% and 178% Fib extension of wave A, projected...
absolute gem of a post, if only we were some how connected...
...it is what it is
Quoting Waveskierrob
{quote} absolute gem of a post, if only we were some how connected...
Hints : same IP address ?
Patwaveskie
I come from the future.
Grrr short didn’t work, will see how we doing in the morning
Insane in the Brain..
Quoting BeeTogether
Grrr short didn’t work, will see how we doing in the morning
I had pending buy at 1.3048, but order was not open.
Quoting genadi
{quote} I had pending buy at 1.3048, but order was not open.
my TP was around 13040 lol for a long (swing trade)
Insane in the Brain..
Quoting BeeTogether
{quote} my TP was around 13040 lol for a long (swing trade)
Price will hit below 3000. Don't be in a hurry. I sold all spikes today in 3 of my accounts. I made a post when I called the fake rise "shenanigans". EU should hit 0940-50 and that should send GU below 3000 and then a buy may be considered.

My thoughts.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Trump and Kamala debating tonight . Not sure if this will move USD . Tomorrow important inflation data for Mr USD , usually can see tick up in consumer spending since August is back to school shopping and vacations ending, as well as ecb cuts coming I see further decline for this if not I don’t care I am looking min 3 X for this small acc flip so far
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Master your mind. Master Trading.
Further note I think people don’t take the deflation situation in China seriously that’s a crazy development too could impact markets
maybe this is why USD is soaring all of a sudden ? safe haven demand ??
Master your mind. Master Trading.
I like gu long as long as it holds 1.30
Anyone trading UJ?
We are making a descending triangle, LH-EQL, increase the probability for swing low to be broken to 137.

Swap market pricing a 2.5% cpi headline while steady core.
Riskin' ticks for points!
GOLD - Sell

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Together we can be strongest
I’m out on all shorts.
Master your mind. Master Trading.
Quoting Fardeen1209
Anyone trading UJ? We are making a descending triangle, LH-EQL, increase the probability for swing low to be broken to 137. Swap market pricing a 2.5% cpi headline while steady core.
I took my profits earlier
Quoting KareemAliFx
I’m out on all shorts.

im
long
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